GARYANDLANA

What is in common between commercial real estate property investing and Samuel Morse the man who invented the Telegraph? More often than not, it is how well you handle perseverance and your ability to hold focus to your ideas.

Morse was an American inventor who is best known for his work in making a successful telegraph. Morse was born in Charles Town Massachusetts graduating from Yale in 1810. He went to London and studied painting there under Benjamin West. He had an inventive mind and developed an intense interest in electricity. The idea of the telegraph occurred to Morse during a dinner discussion at sea in 1832. Soon it became his main interest.

By 1835 he had set up a successful telegraph line in his room. After three years of further work he felt confident enough to ask the help of Congress. He asked for money to build a telegraph line long enough to prove that the idea was of practical use. Congress refused. Years of disappointment followed. Morse made trips to England and France, but could not find any support for the telegraph.

In 1843 he again asked for the aid from Congress. No action was taken for many months. Morse went home in despair. The next morning he discovered that Congress had voted on his bill in the last hour of the session. The bill was passed just before midnight. Morse was given $30,000 to build a telegraph line from Baltimore to Washington.

He turned to the construction of his line. It ran from the United States Supreme Court room to the city of Baltimore. On May 24, 1844 Morse stood among a large group of spectators and tapped out his famous message, “What hath God wrought?” The telegraph was a complete success, thus making Morse famous overnight! Morse was given awards and decorations by his own country and by the main principles of Europe. A group of European nations gave him a cash gift of $400,000 francs.

Morse also invented the Morse code by which telegrams are sent. The “just” of this story as it pertains to your perseverance into the world of commercial real estate investing is this. Ideas come from a single thought, a vision in your imagination. It took Morse twelve years of the word “no” from Congress. But, through perseverance he accomplished what he set out to do. If your goal is to venture into the world of commercial real estate then pick out one niche (example apartment complexes) persevere and go after it!

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